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the left and the right being the possible nominee for president obama in the obama administration in the second term? >> hegel used on foreign policy, but he hasn't received a lot of criticism. how much of that is justified? i can't tell you. >> senator from vermont, we thank you for joining us the day after christmas. >> joining us to talk big picture and the president's second term cabinet, nbc editor mark murray was the december employee of the month. congratulations. >> excuse me. you heard from senator sanders saying the lack of urgency hasn't been a problem, but if you look at it for all intents and purposes, boehner removed himself from these discussions. harry reid, president obama, and a little bit of mitch mcconnell. what is possible of making a deal? >> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with president obama? we have a paired down legislation extending for income below $250,000 and doing something with unemployment insurance that you were talking about? the question is a senate filibuster, democrat
standpoint right now. asking harry reid to ask and president obama to act. >> harry reid's his lifeline. let me ask you this. everybody watches politics. this isn't cnbc here, it's politics. let's get a couple things straight. you say right now that today it's a democratic advantage. obama looks like the guy is trying to get it done. republicans are the holdouts. >> it's not just me. look at the gallup reports. republicans have been going down. >> obama's 54%. right now it's a democratic advantage. >> democratic advantage right now. >> midnight monday still a democratic advantage? >> no. if you go over the cliff, everyone's in trouble. >> wednesday morning next week which is only a week away and we're into 2013 and no deal's been made, do you accept the fact that both guys are in trouble? >> i think it's a jump ball. i'm not sure what happens at that point. it depends on what the markets do. we'll say this. president obama doesn't have to worry as much as the members of congress do because he's not on the ballot again. >> but if there's a second recession, doesn't that kill his second term?
or are we going get someone just like her because they'll want to work for president obama? >> right. here's the thing. she was hailed by rolling stone as the most progressive ep achieve ever, but at the end of the day she was effectuating a radical agenda set by the president. this war on coal was set forth when he gave his shellacking press conference and said there were other ways to skin that cat. so you're going to get somebody who wants the job to effectuate his agenda and it won't be anybody much better, i suppose, but the good news may lie on what we find. there are 12,000 e-mails that by their very nature assuming the false identity that she didn't want the public to see and these on coal.00 e-mails addressing maybe there was news in there that was candid and because they're substantively with a tentative position with the war on coal. >> the reports that she may be considered to be the next president of princeton university. do you know anything about that? have you heard anything about that? can you possibly get that job? running a university now is about raising money. would sh
was on the right so they could make obama look bad. at some point they will have to confront hillary clinton herself as the chief democrat in the country. when will they pivot? >>> if you're worried we'll soon be governed by sharia law, have no fear. republicans are keeping us safe from something that was never going to happen anyway. that and other low lights there 2012 in the "sideshow." >>> and finally my hopes for the upcoming year, especially from the president. this is "hardball," the place for politics. >>> massachusetts congressman ed markey announced today his candidacy for the united states senate seat held by john kerry who president obama has nominated for secretary of state. markey is a friend and respected guest on "hardball" and has been in the house since 1976. he's the dean of the massachusetts delegation, and he has the best values of anybody i know in politics. if he gets the democratic nomination for the senate, he could wind up running against scott brown who won the seat in 2010, then lost it last month. the special election is likely to take place this june. we'll be r
a complete obfiscation. and right now, juan williams, you tell me what president obama has said he would stand unand cut to balance the budget. >> he said he would change our rate of growth in the country, the cpi. >> can you believe talk. >> he's talking about medicare and republicans have talked about eligibility age. >> juan, double talk. give us specifics. >> if you limit the rate of growth, you will see that we will spend less money. that's what we want to do. >> the quintessential washington answer. it's the quintessential washington answer. now give me a specific. we have $3.6 trillion in spending. that's 1.1 trillion above what we can afford. what of the 1.1 trillion has the president recommended we stop spending money on? >> what we are saying here is what you don't do is take a hatchet. what you do is slow the rate of growth of these programs, brent. that's the way you do it. you don't want seniors thrown out. you don't need people who need education denied education. >> zero cuts? >> no, not zero cuts. and we talked about even john boehner take saying yes in terms of age of el
as the boehner era, this is the obama e.r.a. if the economists are right and things don't go well for the country, doesn't the president have to worry about that legacy of his? >> i agree with you entirely. i have argued from the beginning that republicans should hold out. that they had more strength than they thought. that obama wasn't holding all the cards. i think he has the advantage obviously because republicans in all the policy are the ones who will take the blame. but nonetheless, the larger issue, if you are obama, is not who is popular and who is not, he's won his last election. that doesn't matter anymore. what obama does care about and should care about is his legacy. if you go over the cliff he may get a bump temporarily and the republicans will take a hit but his legacy will be his second term. and if he wrecks the economy, as he would, by not being able to remedy the consequences of going over the cliff, then he's going to have a failed second term and a failed history -- history will remember him as a failed president. now, what he probably thinks, if he can go over the cliff, the
and become the obama tax cuts, right? i think that's what conservatives and republicans should be most worried about from a long-term political perspective right now. i mean, in a sense, they have sort of -- they have won a particular policy battle in the sense that most of the bush tax cuts, both parties believe should be extended. right? we're talking about 97%, 98% of the bush tax cuts. you could say that's a policy win for republicans, but if those tax cuts ended up getting branded as obama's tax cuts that he passed after we went over the fiscal cliff, it then loses whatever upside there was for republicans, except, and we have to mention this, for republicans vulnerable to primary challenges, there's obviously a lot of anxiety about being, you know, the first republican in 20 years to vote for a tax increase. i think that's the big fear, that it's been so long. republicans haven't cast this kind of vote. you don't want to be the first one to do it. >> yeah, and charles, we're told the democrats may be waiting until the very last minute. maybe they're banking on pressure and the go
and he's seated leadershceded leade. why? >> obama has all of the power right now. the president had a meeting with congressional leaders and he knows at the end of the day what he wants that 250 threshold unemployment insurance extension, he's going to probably get it. he's going on "meet the press" first time he's going on in three years to put his foot on the republicans and senate republicans to say as this deadline approaches what will you do? will you prevent a small extension of tax rate increases. i'm offering you 250. are you going to take it or leave it. that's hard ball politics. that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to have you both on. guys, stick around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want you to see the after-market numbers and the futures, something called the futures continue to trade a
very much, sir. all right, you're looking live at honolulu where president obama will be president obama will be deadlock. but i it's something he said to john boehner leaving any room for compromise? if politicians don't take us over the cliff, will the unions? what the they're planning this k in from boston to houston threatening to strike you in the wallet. eric: read the headlines and they say that president is giving up his vacation takes toe a fiscal cliff deal, but is there any room for negotiation? let's talk about it a little bit. >> the president is heading back to washington to attempt a last-ditch effort with speaker boehner to forge some compromise to avert a fiscal cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one fo
because of surcharges on medicare and a payroll tax surcharge because of obama care, am i right on that? >> you're right. if you look at it, incomes are really going to go back to where they were during the meltdown. the american economy will not have moved forward for many households. >> and the payroll tax holiday will end automatically. an immediate 2% cut to disposable take home pay. thank you, michelle? >> you say sequester, i say sequester. let's call it all off. >> the dow is trying to hold onto the 13,000 level. let's see if it can hold by 113 points. 13.79 as it grows increasingly clear that they may not, probably cannot get it done. hamilt hampton pearson is here. >> we're down to, if you will, coffee cup politics. two simple words, rise above, on coffee cups and on cups of coffee at all 120 starbucks locations here in the washington area urging lawmakers and the white house to do something with these final days to get some sort of deal. about 500 cups of coffee on what is arguably a slow day just to get that message out, and what we're really finding in talking and spending a
congratulations, newt. we'll be right back. >> the revvies will return with president obama, clint eastwood, carl rove, plus the award for pli political performer of the year. [ thunder crashes ] [ male announcer ] if you think all batteries are the same... consider this: when the unexpected happens, there's one brand of battery more emergency workers trust in their maglites: duracell. one reason: duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. so, whether it's 10 years' of life's sunny days... or... the occasional stormy one... trust goes a long way. duracell with duralock. trusted everywhere. and you see the woman you fell in love with.. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicatio
obama to take the podium at any moment to make comments on the fiscal cliff. joining us right now outside the white house is rich edson with a preview what we might hear from the president. anything leaking from the hill? >> well, adam, it is basically over the next 24 hours congressional leaders led by senate leaders, senate majority leader harry reid or senate minority leader mitch mcconnell will continue to work out a proposal from what the president laid out earlier today which as we reported earlier was essentially a smaller version of what the white house has wanted all along, only dealing with tax rates specifically, keeping taxes where they are for families earning less than $250,000 a year, and an extension of unemployment benefits. now it goes back to senate leaders. over the next 24 hours they will try to craft a proposal that can pass both houses of congress. the senate will not be in tomorrow. so congressional leaders can focus on work on the fiscal cliff. some of the buzz around washington has been, if you look at what could possibly pass the house and senate, you're
down on tv, the bad debate fumbles. let me imitate president obama and won. >> exactly. >> you are right. you know what, he is never been a good debater. there was nothing terribly bad about that. >> it was bad. >> listen, i want you all to look back on youtube at mccain oba obama. he wasn't that good. >> he wasn't a five star recruit in the previous debates. but in that one, he got cut. that was bad. >> it made the campaign that much more interesting because it changed the dynamics. >> but it changed. >> the number three. fumble. >> so, mr. president, how do you handle promises that you have made when you are running for election and how do you handle it? i mean what do you say to people? do you just you know i know, people -- i thought make it was an excuse. what do you mean shout ut up? >> just the weirdness of that moment. >> if you expect a comment on that. >> i'm out. >> love it. >> i'm out. >> i was in the hall that night, i was sitting there going what is he talking about. >> me too. >> this is another thing. hollywood legends are always bad at giving speeches. >> they
, so obama's new commitment is only the income tax, only for one year. >> right. >> and, of course, we're all paying higher taxes in january because of obama care. >> okay. >> taxes on capital gains. >> let me ask you this though, grover. i can imagine you wear it as a badge of honor to this the senate majority leader on the floor of the senate invoking your name in frustration because there are people on the republican side who are, you know, following your -- your lead to not raise taxes, but let's face it. you were in -- you were imposing this no higher tax in a different era, at a different time, in a different part of the economic cycle. aren't we at a point now economically where there has to be some mechanism of revenue raising to try and solve the debt crisis? yes, i know you're going to talk about spending cuts. that's important as well, but you've got to balance the budget in some way, and it's got to include some form of a tax increase, not just on million dollar earners, agreed? >> no. you have it exactly wrong. if you put tax increases on the table, you never get spending
? >> that is right. jasey told us to vote for barack obama. the irony is many young people look at social security and may know it is not going to be around for them in the future. they are not planning their lives and certainly not their retirement banking on social security solvency. the problem is you have the republican party who rrfuses to address letting younger workers invest their own money into their own retirement programs because they view it as a death knell of the voting booth. there is that problem. you are absolutely right. i don't view social security being around for me. how idiotic government bureaucrats are today, the social security administration claims theyyare running not a deficit of $47 billion that actually running a surplus of $65 billion because of all the ious from the treasury department. one government portion of government borrowing from another portion of government and claiming in the end don't worry, your concerns will be alleviated. stuart: we keep going back to why did young people votes overwhelmingly for this administration to have a second term? was it never
in because they're worried about stricter gun control laws and that is a boon for sales right now. president obama cutting short his hawaiian vacation and will be in washington tomorrow. dennis: congress also set to return to d c tomorrow perhaps mounted what everyone hopes will be a last-ditch offered to stave off the fiscal cliff. peter barnes joins us from the belt way. peter: here's what the official spokespeople for all the leaders are saying about this this morning. from the white house, quote, we will let you know if we had any updates. from senate democratic leader harry reid, quote, nothing to report. no conversations with republicans yet. said republican leader mitch mcconnell, quote, no our reach for many democrats. we talk to the speaker's office all the time and always do but the house passed legislation and we are waiting on senate democrats. house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on janua
printing money right and left and hoping that somehow it is going to turn the economy around. obama promised that if we follow these policies, everything ought to be improving. >> hunky dory. i am not seeing it. looking uhed -- looking ahead to the new year, all of the printing of money, is that change ?g. >> printing of money did help. it did inflate the economy. the problem is that you had fiscal policy which is what the white house could control. it didn't really work. it worked horribly. we know that unemployment is going down because the labor force is shrinking. that's why it is going down. it is an unprecedented thing. the only thing left to do is monetary policy. you try to pump up the economy by printing more money. a lot of people criticize ben bernanke for that. it could sew the seeds of inflation where down the road the stuff will be way too expensive. it was the only game in town. if you believe bernanke, if he didn't do that, we may have gone into a double dip recession or something worse. >> let's talk about the fact that so many people who are heads of companies, cor
obama to consider is the extent to which some of their behavior is driven more by the need to be right and look good than about what is really in the best interest. it seems like a simple thing, but when people can become aware of some of these deeper patterns, they can shift off of them and be more adult and make better decisions. so my advice would be become more effectively aware of things driving them. >> do you think there's either one more at fault than the other? >> you know, they probably at this point speaker boehner simply because he's more backed into the corner. president obama has the better hand, and everybody knows that. as a function of that, boehner has to consider what are his options? his options are conscripted. when they're conscripted, people act more unconsciously and people go back to old patterns. the advice would serve boehner a little more than obama, but let's not be fooled here. even when things are in our favor, we still are seduced into this kind of behavior. >> we hope that some of the powers that be have been watching this, and we do hope we get past th
'll be fine. most especially, those who are poor and vulnerable don't have those reserves. >> right. >> let's listen to senator john barrasso on president obama's position. >> i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for programs. he gets to cut the military, and he gets to blame republicans for it. >> let's take the cynicism out of that, let's ask the question, is there in fact some benefit to going over the cliff? >> i think that there is. i don't think that the president does want to go over the cliff. i think he's made it extremely clear that he doesn't. and that's because he -- the president is not that much of a risk taker, he would rather come to a deal. he's eager to come to a deal. i don't think he's kidding, hen watts a big deal. he just doesn't have a partner on the other side. he's right and republicans know he's right. if you go over the cliff at this point tax rates go up, on dividends, capital gains and estate taxes go up. republicans want
at the media. "state ufrts of the union" begi right now. >> we are at the precipes of a very big thing. today the cliffhanger, president obama takes to the sunday air waves to make his case. we get response from olympia snow, bob corber, and congressman labrador. cutting through the clutter of the fiscal cliff and 2016, yes 2016, with a.b. stoddard of the hill, "the washington post," "time" magazine's michael crowley and jessica yellen. i'm candy crowley. this is "state of the union." we still don't know if a deal is in the works or out of the question. mitch mcconnell promised aen update as soon as he had any news to make. that could happen when the senate convenes a rare sunday session of congress. looking to dominate his side of the story while leaders wrangle on the details, president obama made his first sunday show appearance in three years, sitting down with nbc's david gregory this morning to talk about the fiscal cliff. >> i'm arguing for maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal left wing agenda. that used to be considered a re
with that. >> alice, you say you believe president obama and democratic congressional leaders prefer to go over the cliff so they can raise taxes, cut defense spending and blame the gop but republicans have the option of locking in tax cuts for most americans right now. >> to further that note, sure, i think the president wants to do this because as you said he can increase taxes, continue cuts on the military and point the finger at the republicans. the truth of the matter is we need to have serious spending cuts. this is not an issue that will be resolved with taxing either way. we need to address serious spending issue swres in the country. the truth is boehner and house republicans pointed out the house issued legislation that would extend the current tax -- the bush-era tax cuts and erase military cuts. it is in the senate's hands and they need to act on that. something that came up this afternoon that is critical and a reminder in the entire scenario. secretary geithner issued a letter today warning the country we are going to hit the debt ceiling on new year's eve. this is a stark r
other about barack obama and mitt romney. and you were tearing me off a new one, i believe is the american phrase, for what you perceived to be my lack of support for the president. >> that's right. >> i was more interested in the debate we were having. it was a very good one, actually. i found it very informative. >> i kept sending you articles. >> you did. and your man won. >> your man didn't? >> no, i didn't have a horse in the race. i'm british. i can't vote. i don't have the right. but my argument to you was i wondered whether mitt romney could be better for the american economy. >> god no. you know why? >> you were having none of it. >> do you know why? there have been businessmen who have turned presidents, i think herbert hoover, george bush, the first george bush. businessmen. i think there was a couple of others. lousy presidents. businessmen make lousy presidents. >> why have you been so consistently supportive of obama? >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president, you know? i mean, citizens uni
boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our political leadership pass something before midnight, december 31? >> well, i think so. i mean, and you're going exactly the right direction. if you take what's been put on the table, you got the senate bill, you got the house bill, and you got what president obama and speaker boehner talked about, somewhere in the middle, i think, is a deal we could pass before year end, and as you say, it would be in the $400,000 to $500,000 range, but there has to be a commitment any revenue generated goes to savings, and not more spending. that's the other part of the equation that the president has to step up on to get a deal. adam: senator, we'll have
ohio. >> and a point where none of this is making any sense, it's not right so i think it's going to go to obama. >> and going to get 299 electoral votes and obama by-- >> and new details of the ongoing controversy surrounding general petraeus. >> cheating general, shirtless fbi agent, beautiful biographer, it's the house wives of west point. >> kind of sounds like us. dana, what did you make of that. we went to the wardrobe selections, dresses we like and we don't. >> going to closet tomorrow on new years always good to do. and it was a great year and an amazing year, pretty stressful during the election time, i guess. >> yes. >> it got a little-- i got testy and sick to my stomach about it for hours because i don't like to get that way i'm glad the election is over. >> you feel bad about it. >> you don't feel bad afterwards. >> all the way through the whole year "the five" i never saw you get testy. >> me? >> i never saw you get really upset. i never saw the rest of you gang up on bob real fast. (laughter) >> and if you look at that retrospective. if you notice one of the problems ro
have to take -- >> right. >> instigating? >> i don't know what we got. >>> in global news, the obama administration is formally proposing a controversial sale of advanced spy drones to south korea. they've requested a possible $1.2 billion purchase of four northrup grumnot rq4 global hawk remotely piloted aircraft with enhanced surveillance capabilities. >> cool. >> that's what i asked for. didn't even get one. they want four. >>> and egypt has banned traveler from carrying more than $10,000 in foreign currency in or out of the country. officials worried about pressure on its pound currency. and a rush by egyptians to wow savings from banks. >>> and dock workers that we talked at four pacific northwest ports have moved closer to a possible labor clash with grain shippers. meantime, the parties in a larger separate dispute at 15 east and gulf coast ports have agreed to mediation. the ports face a strike deadline set for december 30. >>> and a new jersey pension fund is suing the nyse euro next or its proposed $ 8.2 billion sale to i.c.e., saying it undervalues the company stock. the l
but five, ten years down the nothing, we'll be better and healthier. we just got news that president obama was going to meet or a phone call meet with some business leaders. >> right. the white house calling c.e.o.s, a regularly scheduled meeting. presumably it's a regular scheduled meeting not to say we're going over the fiscal cliff. >> the president won't be doing this but the white house will be. >> that's right. it will be interesting to see if we get response out of this. people in the meeting with the president could come to the microphones. so could c.e.o.s. >> we wanted to let you viewers know we're going to monitor the white house. we have two cameras focused on the white house waiting for the leaders to leave and specifically see if they approach a microphone and camera and let us know what's going on. we'll take that if we get that. thank you, gerri willis. >> you know how he protected other nation's border but wait until you hear how sheriff aarpaio wants to protect our schools. he's here next. blah >>> you're looking live at the white house just outside the white house, senat
. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room a short time ago. let's go right to jon carl tonight. good evening. >> reporter: good evening, david. there are finally signs of life here in washington. after meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a bipartisan agreement can finally be struck that would prevent taxes from going up on virtually everybody in just four days. after meeting with the congressional leaders, the president said there would be one more effort to come to a bipartisan agreement to avoid the fiscal cliff. >> the hour for immediate action is here. it is now. and the american people are not going to have any patience for a politically, self-inflicted wound to our economy. >> reporter: there are signs of progress. mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a small
want to get it done right now. gerri: there was an interesting story breaking down the original negotiations that broke down and obama said to have told john boehner you get nothing, i get that for free. in response to put up 800 million in tax revenue changing his entire mind and obama said basically i don't have to respond to this, i will just take it. >> president obama is governing as a negative way with an iron fist. he wants them to respect his perceived election mandate and friendly john boehner was acting in good faith because by allowing tax rate go up on certain segments of the population was compromising principles in hopes of something in return and the president offered nothing in return. gerri: there is a big storm, hundreds of flights have been canceled. it is very possible not everybody will be able to be there. with this disrupts the situation yet again? >> it could. one of my favorite movies is planes, trains and automobiles. why trouble are those in hawaii. it could be a problem. look, i agree with you, these are congressmen and congresswoman. if there is seri
of it, having president obama back in washington today, and having congress still out, is not the right message to end. people right now feel that the republicans are the party of no, that they are the ones causing this, they are going to get blamed. the fact of the matter is, is that they are doing the fiscal responsible thing here and that's where they can hang their hat. is that they have to hold on for deficit spending, and they still have the debt ceiling to hold in their back pocket if they need to. >> so what would, if you had been advising boehner, what would you advise him to say yes to? >> well, you know, he has to push the president to get more spending cuts. >> well, he tried that. he tried that. the president's in the cat bird seat, though. the president can say no and the republicans still get blamed. >> and then he came up with this plan "b" is really where things went off the rail. because it just looked like a mess publicly. >> all right. keith, what -- i mean, i know that it's not your party, but what would you advise the republicans to do, if anything in the next two
. >> all right. ian lee, thank you very much. appreciate it. >>> president obama back in washington today to tackle the so-called fiscal cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level scientist back
right away. ask your doctor about cialis for daily use and a 30-tablet free trial. >>> you're looking live at president obama just coming off the stairs of air force one at andrews air force base. cut short his holiday vacation. he left hawaii last night after less than a week there. he had to come back, had to be in washington in time to deal with the looming fiscal cliff just five days away. jessica yellen waiting for him at the white house. great to see you. what can the president do at this point, i guess, is the big question. and are aids still hopeful for a deal before january 1st? >> taking your second question first, hopefully, yes. confident, i would say that's going too far. at the white house they are frowning about what they consider recalls trance on willing to compromise. what can the president do, he can con joel all sides closer to some sort of agreement. from the democrats perspective what they think needs to be done is to get senate leader mcconnell to agree not to filibuster any action in the senate and then get speaker boehner to agree to put a bill forward on the
. >> they could have had a more popular message about cutting deficit spending, right? >> the truth is they would have been a lot better off taking the deal that boehner was negotiating with president obama way back when. it was a better deal all the way around. they missed that moment. but i think the real thing is who pays the price. the people who are going to pay the price are the americans, the middle class. this is crazy. it's nuts to be putting us through this. >> all of the focus on tax cuts. but the revenue from increasing the taxes on the wealthy will barely make a debt in the deficit to say nothing of the trillions in debt we're talking about. is this just a symbolic fight this the president is determined to win off his election? >> it's not symbolic. there will be money raised if the taxes are left to expire. but let me just bring up a point. no democrat and certainly not this president has said there should be no spending cuts. on the contrary this president has put on the table an extraordinary amount of spending cuts to the chagrin of many democrats i might add. are they to the ext
money" later tonight. watch "power lunch" right now. >>> "halftime" is over. "power lunch" starts right now. >> merry cliff-mas, everybody. five days left and still no deal. president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood,
children. the move reportedly is in response to human rights violations handed down by president obama earlier this year -- earlier this month rather. putin's new law destroying the dreams of many american families currently in the process of adopting, including this. >> they were already our family. we already had their names. we were already decorating their room. it's really. [crying] >> are you crying? it? >> is so disturbing, this story. 1,000 russian children were adopted by americans last year. children are disabled. not wanted by anybody else in russia. living in orphanages. not available for adoption. a the love these families have gotten really close to the adoption. set everything up and can't go pick up the kids. horrible. anyway, a maryland pizza delivery man fights off a group of attackers. his reward? a demotion. >> he sucker punched me. my glasses flew off. i dropped the pizzas and just dropped it into my hand. and i covered my face and i was swinging like this as hard as i could. five people against one is not a good situation to be in. i thought i was about to die. >>
. >> reporter: that's right. i'm told the vice president is now playing a direct role in these negotiations, trying to get to a deal, a last-minute deal, a key player in the final hours. president obama set off the high-stakes weekend scramble friday night, imploring congressional leaders to take action immediately. >> the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> reporter: with that harry reid and mitch mcconnell launched a last-ditch effort to craft a bipartisan plan to that would at the very least, protect most people from a big tax hike going into effect on new year's day. the senators and their staffs negotiated all day saturday. saturday night republican leader mcconnell made his offer. by this morning, a clear sense of optimism and warnings that failure would be unthinkable. >> there are certainly no breakthroughs yet, but there's a real possibility of a deal. >> if we are not able to reach an agreement, it will be dire. >> reporter: but the morning's optimism turned into the afternoon's pessimism. the senate opened f
to go to president obama's inauguration next month? why it will be easier than last time, a lot easier than last time. "fox & friends" hour two starts right now. >> gretchen: good morning, everybody. i'm gretchen carlson with clayton and rick. great to be back with you. >> clayton: did you have a good christmas? >> gretchen: i did. >> clayton: is it going to be a excite one toward the end of the year? all of these people trying to leave the in-laws house. >> rick: we learned the other day that gretchen loves her in-laws. >> gretchen: exactly, because there was a study and the mother-in-law takes the hit. >> rick: there must be a few people who say i can only handle three days of her. i can't go home -- >> gretchen: are you going to help them out. >> rick: you might have to spend four or five days there, get ready. find some way tie a break. there will be really big storms. >> gretchen: let's talk about this morning with an extreme weather alert. deadly storm system that slammed the midwest, snow and tornadoes heading northeast this morning. >> oh, my god, look. that's a tornado. oh, wo
sorry i am. >> sam champion, right here with the latest storm tram. >>> heading home. as we near that fiscal cliff, will there be a deal? also tonight, an abc news exclusive. barbara walters at the white house. asking michelle obama if she'll run for office next. and a personal question, too. >> how do you keep the fire going? >> hmm. that's a good question. >>> made in america. the great christmas challenge. >> i know, i know your show. >> she knew, and so did thousands of others. tonight, the big reveal. the videos you sent in, the made in america gifts you put under the tree. and the ones that didn't fit. >> merry christmas, david! >> how you're creating joy and jobs this christmas. >>> and caught on tape. the adorable pet dog stolen, about to be sold. you won't believe what happened next and what we witnessed today. >>> good evening on this wednesday night. and we hope you had a merry christmas. diane has a few more nights with her family, and what a night to stay indoors. across much of this country tonight, a massive winter storm and already, the ripple effect being felt co
. the market doesn't seem to care. >> all the big deal, boehner and obama tried to do last year, still have to do that, simpson boles-type thing. >> by what the secretary of the treasury said yesterday. >> right. >> thank you for being here. >> bromance. a lot of fun. make sure you join us tomorrow. "squawk on the street" begins right now. >>> good thursday morning, welcome to "squawk on the street" live from the new york stock exchange, i'm carl kin ten nia with melissa lee, cramer and neighborer are off today but we are joined by dennis. good morning to you dennis, thanks for coming in. futures today, a lot to deal with as you probably know. the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the ma
as middle class. president obama wanted $250,000 per household to count as wealthy, but democrats now say they're willing to let that go higher. >> the 400,000 that would seem to me to be about right, represents about the top 1% of income earners in the country and those are people who have 93% of growth last year and that seems to be enough and i think there's some flexibility there. >> senator mcconnell said yesterday he and his democratic counterparts have been trading paper all day and that discussions were continuing, but the only big news he wanted to share with us is that louisville beat the university of kentucky down in the state he represents, 80-77. that's all we've got. >> juliet: he wasn't watching that game because he was busy working. >> dave: which plays in, peterer, ashley judd may run against him and she's the biggest kentucky fan on the planet and there's a reason he mentioned that, may have been about his potential senate opponent. >> reporter: can root for more than one of the big schools in your state. >> dave: ultimately you may have to. >> clayton: peter, when doe
three years, november of '09. carl, back to you. >> all right. a lot of numbers this morning, rick, thanks for all that. rick santelli in chicago. a last-minute effort by the white house. president obama set to meet with congressional leaders today, 3:00 eastern time, in an effort to avert going over the fiscal cliff. with only three days to go, our next guest says it's not falling over the cliff we should be worried about, it's how much the landing is going to hurt. brian mcginnis is the head of the campaign to fix the debt, president of the committee for responsible budget and joins us this morning from washington. maya, good morning. what do you mean by that? what are you trying to say when you talk about the landing hurting the most? >> well, the point is that the fiscal cliff is a deadline and it's an important deadline that's there to help us focus on getting a big debt deal. the sad state of play is that it appears they're not going to be successful in that. they're not going to be able to replace the cliff with a big, comprehensive debt deal that's big enough to help fix th
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